River Forest, IL Home Values & Market Trends
Real estate market trends reflect that there have been 197 transactions over the past year in River Forest. The median value for residential home transactions that occurred over the previous year is $627,531.05. The number of current listings in River Forest is 8, and the percentage of properties for sale in the city is 8.00%. River Forest, IL currently has 5 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 8 properties for sale.
River Forest, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60305 | $ 357,000 $ 208/sqft |
Housing Market Summary for River Forest, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $549K | $621.1K | 13.13% |
| Median Sold Price | $594.9K | $621.1K | 4.39% |
| Homes For Sale | 5 | 5 | - |
| Homes Sold | 125 | 116 | -7.20% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in River Forest, IL
Browse Homes in River Forest, IL
River Forest home values range from $35,502 to $2,718,715. The median estimated value of a home in River Forest is $627,531.05. The median list price of a home is 352,000, and the total count of properties in the city is 3,942.
- Pre-ForeclosurePre-foreclosure homes account for 0.08% of all residential properties in River Forest, IL with 60305 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within River Forest, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,890,000 in 60305 to the lowest home value of $1,060,750 in 60305.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in River Forest, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in River Forest, IL. There is 1 zips within River Forest, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60305 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of River Forest, IL. Auction homes and other auction properties account for 0.05% of all properties in River Forest, IL. There is 1 zips within River Forest, IL; of that zips, the median estimated home value for homes going to auction ranges from $687,324 in 60305 to the lowest value of $279,248 in 60305.
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